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Opening remarks - panel session on economics of innovation

· Joachim Nagel, President of the Deutsche Bundesbank (Germany)

Summary written by Dark Majestic in its own words · topics: development and emerging economies, growth, investment and productivity, technology, ai and cyber risk

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· Joachim Nagel Wiki · Deutsche Bundesbank WikiOpening remarks - panel session on economics of innovation

ContextOpening remarks by Joachim Nagel, President of the Deutsche Bundesbank, at the panel session on economics of innovation, at the Central Bank of Ireland conference “Trust and innovation – the future of finance", Dublin, 18 September 2026.

Why it mattersA clear diagnosis from the Bundesbank of why Europe struggles to turn innovation into growth, with a concrete list of fixes from capital markets to data centres.

Problems raised
  1. Europe struggles to create and scale productivity-boosting innovation.
  2. Its venture capital market is far smaller than in the United States.
  3. Infrastructure gaps, including data centres, hold back growth.
Solutions proposed
  1. Complete the single market and a savings and investments union.
  2. Improve infrastructure, education and basic research.
  3. Let the public sector set reliable rules and act only where markets fail.
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